For The Earth Corp (OTCMKTS:FTEG) has been starting to turn some heads as the company moves into the vertically integrated CBD space with plans to get going in both extraction and retailing in the CBD space. The stock has been holding support and seeing some rising participation. The company recently announced the launch of its new line of premium pharmaceutical grade anti-aging Topical CBD Skin Care products under the brand designation “Clean Life”. According to that release, the line of products includes Day Cream, Night Cream, Eye Serum, Face Serum, and Face Mask, all infused with the Company’s full spectrum THC-free CBD oil.
In addition, the company also recently provided an update noting that it had launched a new website, was closing in on finalizing the acquisition of a CBD extraction facility, launching a distribution facility, and expanding its retail footprint for selling CBD through mall kiosks and vending machines.
For The Earth Corp (OTCMKTS:FTEG) frames itself as an emerging integrated CBD producer and retailer in the United States.
The Company is in the process of establishing a vertical framework that will extend from cultivation to extraction and production to a strategic retail footprint that includes multiple locations in Las Vegas and New York featuring mall kiosks, vending machines, e-commerce, and full store locations serving both the human and pet CBD markets.
Two mall leases have been signed recently in Las Vegas, with another vending machine location secured in New York City. The Company plans to expand its New York vending machine penetration by the end of 2019.
In addition, the Company has begun early-stage work to establish a state-of-the-art CBD extraction and production facility in Eugene, OR.
Changing the Game
As noted above, FTEG just announced the launch of its new line of premium pharmaceutical grade anti-aging Topical CBD Skin Care products under the brand designation “Clean Life”, as well as the launch of its new website and a new distribution facility, the narrowing of its list of top candidates for its Oregon CBD extraction facility, and the expansion of its retail footprint.
FTEG hasn’t really reacted to the news, closing the past week of action pretty much where it started. It will be interesting to see if the stock is able to break higher in coming days. FTEG shares have been relatively flat over the past month of action, with very little net movement during that period.
This was one of the more interesting quotes we have seen from an executive in the space: “Our analysis suggests that Topicals are the gateway product for mass adoption of CBD by the mainstream marketplace for consumable goods in North America,” noted CEO Nelson Grist. “The total CBD market is expected to bloom by more than a factor of 20 over the next three years according to some leading estimates. That process is going to be powered by mainstream adoption of CBD, which may be led by products like those we are launching today because people are already used to skin creams with exotic botanical elements. It’s easier for the average person to discover CBD this way.”
For The Earth Corp (OTCMKTS:FTEG) generated sales of $161K, according to information released in the company’s most recent quarterly financial report. The company also has cash levels at $137K.